EMIEL: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
EMIEL
Largest movements
- Tangible fixed assets -€7,902
down €7,902 (-6.1%), from €129,579 to €121,677
- Cash -€2,473
down €2,473 (-97.4%), from €2,538 to €65
mainly Debts after one year (-€13,484) and Other debts (-€3,000)
- Receivables within one year +€1,785
up €1,785 (+503.4%), from €355 to €2,140
of which Trade receivables: +€2,140
- Debts after one year -€13,484
down €13,484 (-25.2%), from €53,489 to €40,004
of which Financial debts: -€13,484
- Reserves +€7,411
up €7,411 (+56.6%), from €13,086 to €20,497
- Other debts -€3,000
down €3,000 (-9.1%), from €33,015 to €30,015
- Gross operating margin +€687
up €687 (+3.1%), from €22,013 to €22,700
- Financial charges -€536
down €536 (-13.8%), from €3,889 to €3,353
- Taxes +€299
up €299 (+13.6%), from €2,195 to €2,493
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €133,474 | €124,311 | -€9,163 | -6.9% |
| Fixed assets | 21/28 | €129,579 | €121,677 | -€7,902 | -6.1% |
| Tangible fixed assets | 22/27 | €129,579 | €121,677 | -€7,902 | -6.1% |
| Land and buildings | 22 | €129,579 | €121,677 | -€7,902 | -6.1% |
| Current assets | 29/58 | €3,895 | €2,634 | -€1,261 | -32.4% |
| Amounts receivable within one year | 40/41 | €355 | €2,140 | +€1,785 | +503.4% |
| Trade receivables | 40 | - | €2,140 | +€2,140 | |
| Other amounts receivable | 41 | €355 | €0 | -€355 | -100.0% |
| Cash at bank and in hand | 54/58 | €2,538 | €65 | -€2,473 | -97.4% |
| Deferred charges and accrued income | 490/1 | €1,002 | €429 | -€574 | -57.2% |
| Total equity and liabilities | 10/49 | €133,474 | €124,311 | -€9,163 | -6.9% |
| Equity | 10/15 | €33,086 | €40,497 | +€7,411 | +22.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €13,086 | €20,497 | +€7,411 | +56.6% |
| Distributable reserves | 133 | €13,086 | €20,497 | +€7,411 | +56.6% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €100,388 | €83,814 | -€16,574 | -16.5% |
| Amounts payable after more than one year | 17 | €53,489 | €40,004 | -€13,484 | -25.2% |
| Financial debts | 170/4 | €50,489 | €37,004 | -€13,484 | -26.7% |
| Other amounts payable | 178/9 | €3,000 | €3,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €46,900 | €43,810 | -€3,090 | -6.6% |
| Current portion of amounts payable after more than one year | 42 | €12,789 | €13,484 | +€695 | +5.4% |
| Trade debts | 44 | €400 | €17 | -€383 | -95.8% |
| Suppliers | 440/4 | €400 | €17 | -€383 | -95.8% |
| Taxes, remuneration and social security | 45 | €695 | €293 | -€401 | -57.8% |
| Taxes | 450/3 | €695 | €293 | -€401 | -57.8% |
| Other amounts payable | 47/48 | €33,015 | €30,015 | -€3,000 | -9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,902 | €7,902 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,508 | €1,553 | +€46 | +3.0% |
| Gross operating margin | 9900 | €22,013 | €22,700 | +€687 | +3.1% |
| Operating profit (loss) | 9901 | €12,603 | €13,244 | +€641 | +5.1% |
| Financial income | 75/76B | €0 | €13 | +€13 | +6390.0% |
| Recurring financial income | 75 | €0 | €13 | +€13 | +6390.0% |
| Financial charges | 65/66B | €3,889 | €3,353 | -€536 | -13.8% |
| Recurring financial charges | 65 | €3,889 | €3,353 | -€536 | -13.8% |
| Profit (loss) for the period before taxes | 9903 | €8,714 | €9,904 | +€1,190 | +13.7% |
| Income taxes | 67/77 | €2,195 | €2,493 | +€299 | +13.6% |
| Profit (loss) for the period | 9904 | €6,520 | €7,411 | +€891 | +13.7% |
| Profit (loss) for the period to be appropriated | 9905 | €6,520 | €7,411 | +€891 | +13.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.